Cube, a London, UK-based company which specializes in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), acquired Reg-Room, a New York City-based regulatory intelligence provider serving the financial services industry.
The amount of the deal was not disclosed
This acquisition furthers Cube’s sector leadership in financial services, delivering its vision to offer a regulatory compliance and risk platform. It comes weeks after Cube’s partnership announcement with Hg, an investor in European and transatlantic software and services providers.
Founded by Nick Paraskeva, Reg-Room provides regulatory change monitoring and analysis solutions to the financial services industry and is widely recognised for its comprehensive regulatory expertise and content with a global customer base. Its flagship products, Reg-Track, Reg-Impact, and Regulatory Risk Report provide the banking, broker-dealer, asset management and insurance sectors with accurate alerts and summaries on crucial regulatory changes with global coverage.
Led by Ben Richmond, Founder and CEO, Cube provides a source of classified, and meaningful AI-driven regulatory data to empower its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. Its purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
The company has operations across Europe, North America, Canada, Asia, and Australia
FinSMEs
09/05/2024